Tag: Russia-Ukraine conflict
Vietnam's wood exports decrease as inflation increases
Vietnam's exports of timber and wood products have decreased due to the impact of high inflation in the export market, according to the Ministry of Industry and Trade.
Nearby markets recommended for enterprises to boost exports
Enterprises of Vietnam have been recommended to diversify markets, including nearby countries, to promote exports, which are bouncing back strongly but also facing certain headwinds.
Vietnamese trade surplus to EU reaches US$15.5 billion in H1
VOV.VN - The nation’s export value to the EU grew further in the first six months of this year, resulting in a trade surplus of US$15.5 billion, a rise of nearly 39%, thanks to the bilateral free trade agreement in place between the two sides.
Vietnam rises to become fastest-growing economy in Southeast Asia
VOV.VN - Though international organisations continuously downgrad their global growth forecasts for this year, many have maintained their projection that Vietnam’s GDP growth would be the highest in Southeast Asia.
Vietnam considers axing additional taxes to lower retail price of petrol
VOV.VN - The Ministry of Finance has submitted a proposal to the Prime Minister in a bid to reduce the excise tax and value added tax, in addition to the environmental protection tax, as it seeks control rising petrol prices.
Cashew industry faces huge challenges
Vietnam exported over 206,000 tonnes of cashew nuts worth US$1.19 billion in the first five months of 2022, down 7.81% in volume and 6.81% in value, the Vietnam Cashew Association (VINACAS) reported.
Garment-textile exports forecast to face challenges in second half
Vietnam’s garment-textile exports are likely to encounter a host of challenges in terms of both market and supply chain in the second half of this year despite positive results in the first half, heard a seminar in Ho Chi Minh City on June 21.
PetroVietnam surpasses oil exploitation plan by 22% in January-May
The Vietnam Oil and Gas Group (PetroVietnam) pumped 4.55 million tonnes of crude oil in the first five months of 2022, surpassing the plan by 22%, contributing to ensuring national energy security and national development.
Fishery export declines in May
Vietnam’s fishery export hit US$1 billion in May, up 27% year-on-year but down from the US$1.1 billion recorded in the previous month, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported.
Rising input costs hit Vietnamese enterprises
Vietnamese enterprises are facing rising costs in fuels and materials for production due to the ongoing Russia-Ukraine conflict, experts have said.
